Crompton Corporation and Great Lakes Chemical Corporation have completed an all-stock merger, with the combined company becoming Chemtura Corporation (NYSE: CEM), the fourth largest publicly-traded U.S. specialty chemicals company.
“Our new name reinforces the fact we are a unique new company with a portfolio of global businesses that have achieved leading positions in high-value market niches,” said Robert L. Wood, Chemtura chairman, president and chief executive officer.
“We are building a world-class organization and adopting best business practices in everything we do. This is a transformational merger. Our vision is to create the world's best specialty chemicals company, not simply to add companies together,” Wood said.
“We already offer some of the best products in the crop protection field in our combined product portfolio,” said Cesar Lamonega, North American business director, Chemtura Crop Protection.
Additional information concerning Chemtura is available at www.chemtura.com.